80 Market for Teapots I Price (Dollars per teapot) 72 64 Quantity Quantity Supplied Demanded 500 (Teapots) 0 (Teapots) 56 48 40 32 24 PRICE (Dollars per teapot) 16 ---+ 0 l l l l l l l l l 0 50 100 150 200 250 300 350 400 450 500 QUANTITY (Teapots) The equilibrium price in this market is per teapot, and the equilibrium quantity is \\:| teapots bought and sold per month. Complete the following table by indicating at each price whether there is a shortage or surplus in the market, the amount of that shortage or surplus, and whether this places upward or downward pressure on prices. Price Shortage or Surplus Amount (Dollars per teapot) Shortage or Surplus (Teapots) Pressure 32 v E v 48 v E v